Qsemble Capital Management LP Invests $420,000 in Stanley Black & Decker, Inc. (NYSE:SWK)

Qsemble Capital Management LP bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,260 shares of the industrial products company’s stock, valued at approximately $420,000.

Several other hedge funds have also recently bought and sold shares of SWK. Norges Bank acquired a new stake in shares of Stanley Black & Decker in the fourth quarter worth $133,952,000. Price T Rowe Associates Inc. MD boosted its position in Stanley Black & Decker by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock worth $1,802,975,000 after purchasing an additional 1,250,925 shares during the period. Kodai Capital Management LP acquired a new stake in Stanley Black & Decker in the 4th quarter valued at $32,679,000. Sabal Trust CO purchased a new position in Stanley Black & Decker in the second quarter valued at about $19,878,000. Finally, Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in shares of Stanley Black & Decker in the fourth quarter worth about $12,992,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Up 3.6 %

Shares of NYSE SWK opened at $101.35 on Friday. The stock has a market capitalization of $15.60 billion, a P/E ratio of -146.88, a PEG ratio of 2.57 and a beta of 1.24. The stock’s 50 day moving average price is $95.09 and its two-hundred day moving average price is $90.79. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 52-week low of $76.26 and a 52-week high of $108.15.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same period last year, the business posted ($0.11) earnings per share. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.82 per share. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date is Tuesday, September 3rd. This represents a $3.28 annualized dividend and a yield of 3.24%. Stanley Black & Decker’s dividend payout ratio is -475.36%.

Analysts Set New Price Targets

Several equities analysts recently commented on SWK shares. Wells Fargo & Company boosted their price target on Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Robert W. Baird upped their target price on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research note on Monday, August 5th. The Goldman Sachs Group raised their target price on Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, UBS Group boosted their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and a consensus price target of $101.75.

Insiders Place Their Bets

In related news, SVP Janet Link sold 13,520 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total value of $1,404,863.20. Following the sale, the senior vice president now owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.